ARTICLES ABOUT WHOLESALE PRICE INDEX BY DATE - PAGE 3

MUMBAI: The shortened trading week saw the key indices ending flat after a roller-coaster ride on the back of a host of domestic developments related to inflation, factory output and corporate earnings. The market succumbed to heavy profit-booking on the first two trading sessions on higher inflation (both WPI and CPI) as also contraction in factory output which renewed macro economic concerns. However, healthy Q4 corporate earnings by some IT companies and optimism over a stable Government after the ongoing elections triggered heavy buying towards the tail-end.

NEW DELHI: The Reserve Bank will come out with annual monetary policy tomorrow amid expectations that it will maintain status quo because retail inflation , especially in food items, is yet to show definite signs of moderation. "It would be quite a tough call for the RBI in the given scenario... I expect the RBI to maintain status quo," HSBC country head Naina Lal Kidwai told PTI. RBI has indicated earlier that its priority would be to rein in inflation, although India Inc has been pushing for cut in interest rates as a booster dose for economic growth.

MUMBAI: The Reserve Bank of India has not yet set the path of inflation targeting as is depicted in the Urjit Patel committee report and is still exploring suggestions on the subject, governor Raghuram Rajan said on Friday. "We haven't moved into inflation targeting as yet...That's something the Urjit Patel committee has suggested, and it's not something the RBI has accepted," Rajan said while addressing a convocation of the central bank-run Indira Gandhi Institute for Development Research.

The Reserve Bank of India on Tuesday unexpectedly raised interest rates , repeatedly citing high consumer price inflation. The central bank has clearly indicated that it will be guided by the Consumer Price Inflation as opposed to the Wholesale Price Index ( WPI ) that had been the benchmark gauge of inflation.

MUMBAI: Sensex posted its first weekly gain in the new year on the back of fresh buying and drop in inflation numbers, which fuelled hopes of RBI easing interest rates in the upcoming policy meeting. The benchmark S&P BSE Sensex snapped the two-week losing streak and surged 305 points to end the week above 21,000. Bourses had a subdued beginning of 2014, which will see general election, a development that will be keenly watched by market players. Fresh foreign fund inflows in equities also boosted the market sentiment.

NEW DELHI: The Reserve Bank of India is expected to keep policy rates unchanged during upcoming policy review despite moderation in headline inflation, a report by global research firm Dun & Bradstreet has said. Structural bottlenecks still persist, and as a result, a sustained decline in food articles inflation is expected only in the medium term to long term, the report said. Moreover, weak rupee and elevated inflation in fuels is likely to exert upward pressures to inflation, it said.

NEW DELHI: Third quarter earnings from blue-chips such as TCS , RIL and Wipro and inflation data for December will dictate the near-term trend on the bourses, say experts. Besides, trend in investment by foreign institutional investors, global cues and movement of rupee against the US dollar will also influence the market trend. "Inflation figures, global cues and third quarterly results for FY'14 will decide further market direction. In coming sessions, 6,130 shall be crucial deciding level in near term for the Nifty and the index is likely to witness further selling below this level," said Rakesh Goyal, Senior Vice President, Bonanza Portfolio Limited.

NEW DELHI: The Reserve Bank's decision to keep interest rates unchanged is aimed at boosting economic growth, Planning Commission Deputy Chairman Montek Singh Ahluwalia has said. "Keeping in mind, the need to give the economy stimulus and not wanting to take too hasty a step, the (RBI) Governor has surprised the markets. Markets were expecting a hike," Ahluwalia told reporters here. "He (RBI Governor Raghuram Rajan ) is expressing confidence that price inflation will come under control and let's hope that he is right.

NEW DELHI: Spurt in inflation to a 14-month high of 7.52 per cent in November should not come in the way of the Reserve Bank's formulating an "accommodative" monetary policy, India Inc said today. "The rise in inflation should not come in the way of an accommodative monetary policy announcement on December 18, as it is of utmost importance to strengthen investor sentiments which have been adversely affected by high interest rates," CII Director General Chandrajit Banerjee said in a statement.

NEW DELHI: The Wholesale Price Index (WPI) inflation for the month of November rose to 7.52% versus 7% in October. This is higher than an ET Now poll estimate of 7.1%. According to ET Now, the reported WPI inflation for November is also the highest level for the index since September 2012. The WPI for the month of September was revised upwards to 7.05% versus 6.46% provisional. The primary articles inflation for November rose to 15.92% versus 14.68% in October. While the manufactured products inflation rose to 2.64% versus 2.50% in October, the Fuel & Power inflation also exhibited a rise to 11.08% versus 10.33% in October.